The Latest Non-Redemption Agreements: March 8, 2023
by Marlena Haddad on 2023-03-08 at 5:34pm

Latest Non-Redemption Agreements: Inception Growth and Byte


Inception Growth Acquisition Limited (IGTA) Adds Non-Redemption Agreement

On March 6, Inception Growth (NASDAQ:IGTA) and its sponsor, Soul Venture Partners LLC, entered into non-redemption agreements with certain unaffiliated third parties in exchange for such third parties agreeing not to redeem an aggregate of 2,100,000 shares of its common stock in connection with its extension vote on March 13.

The SPAC intends to extend its timeline by six months without having to make any payment to the trust account. In exchange, the sponsor has agreed to transfer up to 630,000 shares to the third parties following the meeting.

On March 7, Inception Growth and its sponsor entered into additional Non-Redemption Agreements with certain unaffiliated third parties holding an aggregate of 625,000 shares. In exchange for the foregoing commitments not to redeem, the sponsor has agreed to transfer up to 187,500 shares to the parties following the meeting.

READ

Byte Acquisition Corp. (BYTS) Inks Non-Redemption Agreement

On March 8, 2023, BYTE Acquisition Corp. (NASDAQ:BYTS) entered into non-redemption agreements with certain existing shareholders.

Pursuant to the non-redemption agreements, each of the shareholders agreed to not redeem 1,000,000 Class A Ordinary Shares in connection with the vote to extend the company’s completion date from March 23, 2023 to September 25, 2023, and vote their shares in favor of the extension.

In connection with the foregoing, the company agreed to pay to each Non-Redeeming Shareholder $0.033 per Share in cash per month through the Extended Date.

READ

 

The Latest Non-Redemption Agreements: March 8, 2023
Recent Posts
by Kristi Marvin on 2025-07-12 at 10:02am

Terms Tracker for the Week Ending July 11, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. One more IPO priced this week bringing July’s total to 8. However, there are still three more weeks left in the month so that number...

by Nicholas Alan Clayton on 2025-07-11 at 8:24am

At the SPAC of Dawn Lately de-SPACs have been announcing corporate moves of a kind frequently in trios as was the case earlier this week when WeBull (NASDAQ:BULL), AST SpaceMobile (NASDAQ:ASTS) and Quantum-Si (NASDAQ:QSI) all announced major equity raises. This week, it is a trio of de-SPACs making reverse stock splits in unison, which is...

by Kristi Marvin on 2025-07-10 at 8:31am

A look at Plus’ software-first approach to autonomous trucking. After years of investment and excitement, the dawn of self-driving cars and trucks is now here. The question now is which business model among autonomous driving technology companies will win out? This week, we speak with David Liu, CEO of autonomous trucking company Plus. Plus announced...

by Nicholas Alan Clayton on 2025-07-10 at 8:27am

At the SPAC of Dawn One thing that SPAC investors can typically count on while their money is invested in a SPAC’s trust is that it is going to grow one way or the other between now and their next redemption opportunity, but the devil can occasionally be in the details. In 2024, it became...

by Nicholas Alan Clayton on 2025-07-09 at 12:57pm

Thunderstone has filed for a $50 million SPAC to put a new first-time Asia-based team in action on a generalist hunt. The new SPAC is offering investors a right to a 1/8 share in each unit with 18 months to initially complete a business combination. It is the 8th fresh S-1 filed with underwriter D....

logo

Copyright © 2025 SPACInsider, Inc. All Rights Reserved